LEA

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Leader Energy Services Ltd. ("Leader" or the "Company") (TSX VENTURE:LEA) is
pleased to announce that it has completed its previously announced bought deal
short form prospectus offering (the "Offering") entered into with AltaCorp
Capital Inc. (the "Underwriter"). Pursuant to the Offering, Leader issued an
aggregate of 9,790,000 common shares of the Company ("Common Shares") at an
issue price of $0.70 per Common Share, including 1,218,000 Common Shares
pursuant to the partial exercise of the over-allotment option by the
Underwriter, for aggregate gross proceeds of $6,853,000.


The net proceeds of the Offering will be used to reduce indebtedness and for
general corporate purposes.


Leader Energy Services Ltd. provides well stimulation services in western
Canada. Further information on Leader can be found under the Company's listing
at www.sedar.com and on the Company's website at www.leaderenergy.com.          
                                  


Forward-looking Information

This press release contains certain statements or disclosures relating to the
Company that are based on the expectations of the Company as well as assumptions
made by and information currently available to the Company which may constitute
forward-looking information under applicable securities laws. All such
statements and disclosures, other than those of historical fact, which address
activities, events, outcomes, results or developments that the Company
anticipates or expects may, or will occur in the future (in whole or in part)
should be considered forward-looking information. 


This press release shall not constitute an offer to sell, nor the solicitation
of an offer to buy, any securities in the United States, nor shall there be any
sale of securities mentioned in this press release in any state in the United
States in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.

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